Scottish Affairs Committee launches inquiry into Scottish Government financing
The Scottish Affairs Committee (SAC) has launched an inquiry into the financing of the Scottish Government within the UK framework. The investigation will scrutinise the efficacy of the Barnett formula, which determines funding changes for devolved public services, and examine the wider fiscal framework. Key areas of focus include potential reforms to the Barnett formula, the impact of UK Government fiscal events on Scottish funding, and the effectiveness of Block Grant Adjustments. The inquiry will also explore the possibility of expanding Scottish Government borrowing powers and assess the level of coordination between UK and Scottish Governments regarding fiscal changes. The Committee has invited written submissions addressing these issues by 5th January, with the aim of evaluating and potentially improving Scotland's current funding arrangements and fiscal devolution model.